This is a continuation of ACT 2102. It examines reports and information needed by the management of a business to make good decisions. Emphasis is on accounting for corporations and partnerships.
Learning Outcomes:

Identify characteristics of corporations and their organization.

Explain characteristics of common and preferred stock.

Compute price-earnings ratio and describe its use in analysis.

Assess debt features and their implications.

Prepare entries to account for notes.

Identify and describe the different classes of investments in securities.

Describe the format of the statement of cash flows.

Analyze the statement of cash flows.

Describe standards for comparisons in analysis.

Explain the purpose and nature of managerial accounting.

Describe accounting concepts useful in classifying.

Compute cost of goods sold for a manufacturer.

Prepare job cost sheets.

Apply job order costing in pricing services.

Explain process operations.

Compare process cost accounting and job order cost accounting.

Identify bases for allocating indirect expenses to departments.

Assign overhead costs using two-stage cost.

Describe different types of cost behavior.

Describe the importance and benefits of budgeting.

Prepare each component of a master budget.

Prepare and interpret a flexible budget.

Explain the importance of capital budgeting.

Introduce self and explain course expectations.

Integrate the course concepts through interaction with other Learners and your Mentor.

Access information efficiently and effectively.

Evaluate information critically and competently.

Practices ethical behavior in regard to information and information technology.